| http://deltacostproject.org/resources/pdf/trends_in_spending... Page 24: > In all institutional groupings—public and private—tuition prices increased faster than education and general spending per student. This suggests that both public and private institutions are becoming more dependent on tuition as a source of general revenue—not just to pay for education and related expenses, but as a general subsidy for all functions, including research and service. Page 33: > The primary cause of tuition increases in public institutions is not increased spending, but rather cost shifting to replace losses in state appropriations and
other revenues. What would you rather have? 1) Low tuition subsidized by higher taxes when you're working 2) higher tuition but lower taxes later on The market seems to have chosen (2). Whether or not taxes are actually lower is another question. Personally, I think it's horrible to graduate with 80K+ in debt. To put it into perspective, my parents graduated with minimal debt. Their first debt was the purchase of a house, for about the same amount as student loans are now. What would you rather have on graduation? Student debt, or no student debt and a house? |
See page 124: http://www.unimelb.edu.au/publications/docs/2012-annual-repo...